Last week it was the electric bus that debuted in California and this weekend 3 hybrid-electric motorcycles developed by Advanced Battery Tech (ABAT) and Wuxi Angell Autocycle make their debut at the Dealer Expo in Indianopolis. The motorcycles are equipped with 48V lithium ion battery packs that are in use at low speeds but the bike kicks into the gasoline engine at higher speeds, recharging the battery as it does so. The companies claim a … Read the rest
All posts by Tate Dwinnell
JA Solar (JASO) Signs Supply Agreement With BP Solar Intl
Yesterday JA Solar (JASO) announced a supply deal with BP Solar International in which JASO will supply BP with an initial 175MW of monocrystalline and polycrystalline solar cells this year and could reach as much as 360MW over the course of the yaer. … Read the rest
The Stimulus Bill: Who Is Most Likely To Benefit (FPL, VWSF, GE)
Bloomberg has a report out on the companies that are most likely to benefit from the economic stimulus bill. The bill includes both spending and tax breaks for new transmission lines, wind farms and smart meters.
GE has a diversified portfolio of renewable energy initiatives and is expected to benefit from the funding for wind energy, energy efficiency and smart meters. Vestas Wind Systems is also expected to get a large piece of the stimulus … Read the rest
Vestas Wind Systems (VWSF) Will Hire 3,000 US Workers
Bucking the current trend of layoffs and hiring freezes, Vestas Wind Systems plans to hire 3,000 workers in the US. To Vestas, the US represents a potential goldmine in the form of a large, growing marketplace. However, CEO Ditlev Engel advised Marketwatch that difficulty obtaining investors in the US could push Vestas into expanding elsewhere instead:
… Read the restWhile he’s not planning to walk away from U.S. expansion plans yet, Engel said Vestas may be forced to
GreenHunter Energy (GRH) Sells Telogia, Florida Biomass Plant
According to Energy Current, GreenHunter Energy just announced the sale of its Telogia, Florida wood-powered biomass plant. The company bought the 14 MW plant in September of last year for $2.5 million. The plant was sold to Multitrade Telogia, LLC for $5.7 million in cash, including 1.7 million in debt.
Gary C. Evans, Greenhunter Energy’s Chairman and CEO, commented on the sale, saying
… Read the rest"The sale of this non cash flow-producing asset will allow our
US Geothermal (HTM) Announces Connection Agreement For Neal Hot Springs
US Geothermal (HTM) has announced an agreement with the Idaho Power Company to design and build a 10 mile, 36MW transmission line and substation from the Neal Hot Springs geothermal site to IPC’s transmission grid which is expected to begin transmitting power in about 2 years. IPC will be responsible for the design, engineering and construction.
“This agreement is a critical milestone in the development of our project at Neal Hot Springs,” said Daniel Kunz, … Read the rest
EMCORE Corporation (EMKR) Reports 15% Revenue Increase
EMCORE Corporation just announced that the company’s revenue for the first quarter of fiscal year 2009 is up by 15% over the first quarter of last year. From PV-tech.org, here are the preliminary numbers:
… Read the restRevenue for EMCORE’s photovoltaics segment was $14.9 million, a 15% increase from $12.9 million reported for the same period last year, and an increase of $0.4 million, or 3%, from $14.5 million in the preceding quarter. The photovoltaics segment represented 28%
MEMC Electronic Materials (WFR) Changes Its Agreement With Suntech Power (STP)
StreetInsider.com reports that MEMC Electronic Materials has amended its supply agreement from July 25, 2006 with Suntech Power. Under the agreement, MEMC Electronic Materials agreed to sell silicon wafers to Suntech for a period of 10 years. The change to the agreement does not alter the aggregate revenues for sales at all. Rather, MEMC has agreed to a volume increase for this year’s sales and a price reduction. … Read the rest
American Superconductor Corporation (AMSC) And US DOE To Work Together On Wind Turbine Project
American Superconductor Corporation just announced that it will work with the Department of Energy to see if a 10-MW superconductor wind turbine would be economically feasible. Under the terms of the 12 month Cooperative Research and Development Agreement, AMSC will analyze the costs of developing a 10-MW superconductor wind turbine based on the same technology the company has previously deployed in ship propulsion motors and generators for the Navy. Then, the National Wind Technology … Read the rest
American Electric Power Company Incorporated (AEP) Buys 250 MW Of Wind Power
American Electric Power Company has entered in to agreements with 2 separate wind farms to buy a total of 250 MW of wind energy. The company has signed 3 separate 20 year agreements with 2 different wind farms. In one agreement, the company’s AEP Ohio subsidiary will buy 100.5 MW of wind power from BP Wind Energy’s Benton County, IN farm. In the second agreement, the Indiana Michigan Power subsidiary will buy 50 MW, also … Read the rest